TikTok on Thursday signed a deal to spin off its U.S. business, bringing to a close a months-long saga to keep the popular ...
(THE CONVERSATION) Chinese tech giant ByteDance has signed an agreement to sell a majority stake in its video platform TikTok to a group of U.S. investors. President Donald Trump announced a ...
Oracle, Silver Lake, and MGX each secured 15% stakes in the newly formed JV, while ByteDance retains 19.9% ownership of what ...
On the first TikTok Awards red carpet, attendees shared their concerns about the app following the agreement on the TikTok ...
Many had worried that the app might disappear after the Supreme Court upheld a ban on the platform due to national security concerns raised by President Trump in 2020.
TikTok CEO Shou Chew told employees of the social media app Thursday that its owner, China’s ByteDance, has signed binding ...
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TikTok avoids US ban as ByteDance hands control of US operations to Oracle-led group
TikTok agrees to place U.S. operations under a new investor-controlled entity, with ByteDance retaining a minority stake.
The deal won't do "a thing to protect the privacy of American users," said Senate Democrat Ron Wyden of Oregon, who voted ...
TikTok's new US joint venture will hand over national-security related tasks to its partners, while ByteDance holds onto key ...
According to an internal company memo obtained by NPR, the Chinese-owned company has signed a deal to form a new joint venture to run the app in the U.S.
Oracle, Silver Lake, and Abu Dhabi’s state-owned investment firm MGX each plan to take a 15% stake. ByteDance will retain ...
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